Questioning The GST Increase
I, and I suppose most of you all were too, was greatly surprised (in a mildly unpleasant way) by PM Lee's, who is concurrently Finance Minister, announcement yesterday in Parliament that the Goods & Services tax (GST) will be increased from its current 5% to 7% as a means of increasing the Government's income to finance its increased expenditure to help the less well-off in Singapore's society.
However, despite my surprise, I did not give this issue much thought, due to my mind being preoccupied by my upcoming Post No. 93, until I saw the sub-headline for the news report on the GST increase in today's 《è�”å�ˆæ—©æŠ¥ã€‹/“Lianhe Zaobao”. And that sub-headline was: “政府开æº�,致力扶贫”, which can be roughly translated into English as “Government increases its income to help the less well-off”.
The reason why this sub-headline caught my eye is that it reminded me of this Chinese idiom of “å¼€æº�节æµ�”, which can be roughly translated into English as “Increasing income, reducing expenditure”. With this idiom in mind, a series of questions started to emerge in my mind about the GST increase.